Kovack Advisors Inc. Invests $717,000 in ProShares Short Dow30 (NYSEARCA:DOG)

Kovack Advisors Inc. acquired a new stake in shares of ProShares Short Dow30 (NYSEARCA:DOG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 27,000 shares of the company’s stock, valued at approximately $717,000.

Several other hedge funds also recently bought and sold shares of DOG. IHT Wealth Management LLC purchased a new stake in ProShares Short Dow30 in the 3rd quarter worth approximately $222,000. Maltin Wealth Management Inc. purchased a new stake in shares of ProShares Short Dow30 in the fourth quarter worth $252,000. Jane Street Group LLC bought a new stake in ProShares Short Dow30 during the third quarter valued at $275,000. Finally, Sugar Maple Asset Management LLC purchased a new position in ProShares Short Dow30 during the fourth quarter worth about $1,619,000.

ProShares Short Dow30 Stock Up 0.5 %

NYSEARCA:DOG opened at $26.35 on Friday. The business’s 50-day moving average price is $25.98 and its two-hundred day moving average price is $26.55. ProShares Short Dow30 has a twelve month low of $25.21 and a twelve month high of $30.06.

ProShares Short Dow30 Company Profile

ProShares Short Dow30 (the Fund), formerly Short Dow30 ProShares, seeks daily investment results that correspond to the inverse daily performance of the Dow Jones Industrial Average (DJIA). The DJIA is a price-weighted index maintained by editors of The Wall Street Journal. The DJIA includes 30 large-cap, blue-chip United States stocks, excluding utility and transportation companies.